March brought many funds back down to Earth with solid returns that didn’t have the shine of January and February’s returns. Millennium International was down 0.04% for March, putting the fund up 1.69% for the first quarter, according to the fund’s April 10 letter to investors, which was reviewed by ValueWalk. Q1 hedge fund letters, conference, scoops etc Best- and worst-performing strategies The fund’s strongest strategy during the month was its Equity Arbitrage Strategies, which were up 0.26%. The fund’s Stat Arb/ Quant Strategies were the worst-performing strategy with a decline of 0.34% for the month, driven by the U.S….
Millennium’s Equity Arbitrage Strategy Led The Way In March
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.